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Nigerians In Trouble? MTN Finally Agrees To Pay N1.4TRN Fine For Breaking Rules In Nigeria

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MOBILE Telecommunica­tion Network (MTN) has fi­nally agreed to pay the $5.2 billion (N1.4 trillion) fine slammed on it by pleading with Nigerian Communica­tions Commission (NCC) to stagger the payment. Daily Sun investiga­tion revealed that the last-minute agreement to pay followed series of meeting between MTN manage­ment team from South Af­rica and Nigeria with Vice President, Yemi Osinbajo. MTN agreed to pay the fine in the interest of its business, but pleaded with the Federal Government for a staggered payment model. A source from the Presi­dency confirmed the new arrangement and also added that the Federal Government is favourably disposed to the payment schedule, which he said, was part of the agreement reached at series of meet­ing held on Thursday and Friday in Nigeria. The source, further ex­plained that there have been series of meetings at the State House between Osinbajo and MTN team both from South Africa and the Nigerian arm. The telecommunications firm wanted a wai...

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Lacasera Yet To Recall 700 Dismissed Workers In Spite Of Court’s Order

The management of Lacasera Company Plc has yet to comply with the order from the National Industrial Court’s ruling to recall the sacked 700 workers, seven days after. This development was confirmed to the News Agency of Nigeria (NAN) by the Head of Education Department, National Union of Food Beverage and Tobacco Employees, (NUFBTE), Mr Mike Olanrewaju. NAN reports that the management of Lacasera had on Sept. 14 dismissed 700 workers based on what it described as invasion of its premises by hoodlums. The NIC had in its injunction restrained the management from sacking the employees and directed it to reabsorb them. “The Lacasera management has not recalled the affected workers since the court gave the order on Sept. 17, but they are making efforts to settle issues with us.’’ Olanrewaju said the union would hold a meeting before taking any action, while it would also wait for the court to hear the case.

SoftBank acquires more shares in Sprint for about $87 million

Japanese telecoms group SoftBank Group Corp (9984.T), the majority owner of U.S. wireless carrier Sprint Corp (S.N), said it bought an additional 22.9 million shares in Sprint at a weighted average price of $3.80. Sprint's shares were up 8.2 percent at $4.20 in extended trading on Wednesday. SoftBank, which owns about 80 percent of Sprint, said the share purchases totaling about $87 million were made through subsidiary Galaxy Investment Holdings Inc. The company said it does not expect that its ownership in Sprint would increase to 85 percent or more as a result of the purchase. SoftBank had lost confidence in Sprint and was considering selling it as Sprint had been burning through cash because of monthly leasing plans that require U.S. wireless carriers to pay vendors for devices up front. . However, after Sprint last week reported a smaller-than-expected quarterly loss, as it added a...

OPEC says cheap oil taking longer to subdue rival suppliers

LONDON (Reuters) - OPEC on Tuesday raised its forecast of oil supplies from non-member countries in 2015, a sign that crude's price collapse is taking longer than expected to hit U.S. shale drillers and other competing sources. In a monthly report, the Organization of the Petroleum Exporting Countries (OPEC) forecast no extra demand for its crude oil this year despite faster global growth in consumption, because of higher-than-expected production from the United States and other countries outside the group. Oil LCOc1 is trading below $50 a barrel, close to its 2015 low after an 18 percent drop in July. But OPEC has refused to cut output, seeking to recover market share by slowing higher-cost production in the United States and elsewhere that had been encouraged by OPEC's prior policy of keeping prices near $100. Earlier this year, OPEC slashed its prediction of non-OPEC supply for 2015, expecting lower prices to prompt a slowdown. But on Tuesday, it raised the forecast by about...

Bank of England says to look closer at costs of financial regulation

The Bank of England said on Tuesday that it would look more closely later this year about the cumulative economic cost of financial regulation brought in since the financial crisis. The BoE was responding to changes in the remit of its Financial Policy Committee proposed by finance minister George Osborne in his July budget statement. "The Committee will ... assess the cumulative effects of reforms to make the financial system more resilient and consider whether in aggregate they have unintended undesirable effects," the BoE said. "Where appropriate, the Committee will consider whether the improvements in resilience from those reforms could be achieved in ways that are further supportive of strong, sustained and balanced growth," the BoE added.

Benefits of Fish Farming

Fish farming is the practice of raising fish in man-made ponds or tanks for human consumption. This is also known as aquaculture and has become widespread over the globe in the past few decades. Fish farming, like other types of farming, offers a plethora of benefits that can help and the environment Supply and Demand Fish farming allows for large supplies of fish to be farmed according to demand. Catching fish from the wild may not yield enough product to meet consumer demand and simultaneously keep the natural ecosystem in balance. The Food and Agriculture Organization of the United Nations estimates that by 2030, about 40 million tons of seafood will be necessary to keep up with demand. The ocean's ability to produce enough fish has diminished over the years, leaving aquaculture as the only method to keep up with this increasing demand. Preserving Natural Ecosystems Fish farming does not require the extensive capture of wild fish. They can be raised in tanks until they...

Sustainable fish farming: five strategies to get aquaculture growth right

Aquaculture's impacts: Encouraging trends, but challenges remain On average, farmed fish convert feed to edible food as efficiently as poultry, making them an attractive option for expanding the global animal protein supply. However, as with all forms of food production, aquaculture isn't without its environmental impacts. As aquaculture began to boom in the 1990s, several concerns emerged such as the clearing of mangroves to make way for shrimp farms in Asia and Latin America, increased use of fishmeal and fish oil made from wild marine fish, and the generation of water pollution and shrimp and fish diseases. The aquaculture industry greatly has improved performance over the past 20 years, producing more farmed fish per unit of land and water, lowering the share of fishmeal and fish oil in many aquaculture feeds and largely stopping mangrove conversion. However, doubling aquaculture production without further increasing the industry's efficiency could lead to a do...

UK to force out Nigerian students, others after graduation, Ban them from working

Nigerian students studying in theUnited Kingdom, and their counterparts from other countries, will be forced to leave the country after graduation. A fresh policy ordered by Home Secretary, Theresa May, seeks to ban foreign students, with the exception of those from EU countries, from working in Britain after completing their studies. The policy requires that they return to their countries and reapply for a visa to return and work in the country. It is argued that many students are using colleges as a “back door to a British work visa”. According to official figures, out of the 121,000 non-EU students that entered the UK in the 12 months to June 2014, only 51,000 left. This indicated a net influx of 70,000 students. Already, May has banned 870 UK colleges from taking foreign students as a means to stop student visas being used as an easy way to enter the UK before getting a job and claiming benefits. The new rules will deny non-EU students the right to work while in the UK...

Congo eye upset against Nigeria In Olympic 2016 qualifiers

Congolese coach Claude Le Roy says he is confident his Under-23 team have what it takes to upset their Nigeria counterparts, when both teams clash in an Olympics 2016 qualifiers this weekend in Porthacourt. Le Roy who lead Congo senior national team last year to inflict a first ever home loss on Nigeria, in an Africa nations cup qualifer which went a long way in denying Nigeria a chance to defend her 2013 crown, at the tournament proper is confident his Under-23 team are capable of doing same. “We are in an identical position to last year with no one beyond Congo giving us a chance,” Le Roy said during a training camp in Atlantic City Pointe-Noire. “But my team have a huge chance of not only eliminating Nigeria, but qualifying for the Rio Olympics, there is no reason why we should fear Nigeria. “Congolese football has made tremendous progress recently and we must maintain that improvement.” The 67 year old can call on four of his senior squad for the third-round, first-leg...

CSKA Moscow continue to thrash out Aaron Samuel Transfer Fee

CSKA Moscow and Guangzhou R&F continue to haggle over a transfer fee for Nigeria international Aaron Samuel. The Russian Premier League side have failed to meet the attacker's five million euros buy-out clause after several months of negotiations but they have agreed to insert a 10 percent sell - on fee on top of the €3.5 million that has been offered. Unlike some European teams, Guangzhou R&F are backed by real estate developers and don't have cash flow problems, and are reluctant to do business with the Muscovites except they cough up €5 million. But CSKA Moscow power brokers are confident a deal is imminent, with the club instructing Aaron Samuel to start processing his visa to Russia. A five - year contract has been offered to the Guangzhou R&F frontman but the player and his intermediary have insisted that the duration of the agreement should be four seasons. The 21 year old has maintained his professionalism while talks are ongoing, and netted a b...

Shakhtar return to Istanbul, Monaco tackle Young Boys

Robin van Persie's new team Fenerbahce have a tough date with Shakhtar Donetsk while last season's quarter-finalists Monaco must overcome Swiss outfit Young Boys to reach the Champions League play-offs. For Shakhtar, their pairing with Fenerbahce in the third qualifying round means a return to Istanbul's Sukru Saracoglu Stadium, the scene of their finest hour, the 2009 UEFA Cup triumph over Werder Bremen. In other ties produced by Friday's draw, Dutch giants Ajax, four-time winners of Europe's premier club competition, face Rapid Vienna, Panathinaikos are up against FC Bruges, and CSKA Moscow play Sparta Prague. Scottish champions Celtic can look forward to a trip to either Azerbaijan or Montenegro if they come through the second qualifying round. Ronny Deila's team are 2-0 up after Wednesday's first leg against Icelandic side Stjarnan. Should the Hoops seal the tie in next week's second leg they will face either Qarabag in Baku, venue for th...

Beach injury rules out Bayern's Dante

Brazil defender Dante is set to miss Bayern Munich's opening pre-season warm-up tournament at Borussia Moenchengladbach on Sunday after picking up an injury while playing beach football on holiday. Bayern face hosts Moenchengladbach, Hamburg and Augsburg in a mini-tournament as the German champions begin their preparations for the new Bundesliga season on August 14 when they host Hamburg in Munich. Centre-back Dante, 31, picked up a leg injury while playing footvolley a popular mix of football and beach volleyball at home in Salvador, Brazil. "Dante trained a lot on holiday and also played a bit of football, where he suffered a small tear in a muscle," explained Bayern Munich's director of sport Matthias Sammer. It means Spain international Javi Martinez is the only fit centre-back Bayern coach Pep Guardiola currently has at his disposal as Dante recovers from the minor set back. Bayern are set to present their team on Saturday in Munich before travelling ...

Fenerbahce confirm Van Persie transfer talks

Istanbul giants Fenerbahce on Thursday confirmed they were in talks to sign Dutch international striker Robin van Persie from Manchester United. "Talks have started with the club and the player himself over the transfer of Robin van Persie," Fenerbahce said in a statement, giving no further details. The statement came amid heightening speculation that the singing of Van Persie could come in the next days, after Fenerbahce sporting director Giuliano Terraneo flew to England to hold personal talks with the player. Portuguese star Nani on Monday joined Fenerbahce from United for six million euros (4.26m, $6.7m) as last season's Super Lig runners up seek to add a glittering array of foreign talent to their ranks for the new season.

NFF offers Oliseh five year deal to coach Super Eagles

The Nigeria Football Federation has offered former captain Sunday Oliseh the job of the Super Eagles, understood to be a five year deal. Oliseh, who have NFF Technical and Development Committee’s required credentials to replace sacked Stephen Keshi, will come with a Foreign Technical Assistant, whose job description will centre around development programmes, and who will work with Clubs’ Youth Teams and certified Academies towards developing the game from the grassroots. “An offer has been made, and there is understanding, but we have to work out the final details of the agreement in a few days. Of course, the Executive Board has to give approval for his appointment based on the final terms to be agreed,” said Felix Anyansi-Agwu, chairman of the NFF Technical and Development Committee. Current stand-in Coach Salisu Yusuf will also be in the new team, but with greater devotion to the home-based team, otherwise known as Super Eagles B, and will be the interface between the technical c...

21 Success Tips for Young and Aspiring Entrepreneurs

Being successful often means learning from those who have already achieved their goals. Having a mentor is an amazing blessing to an entrepreneur, but not everyone can find one in person. If you haven’t yet found your personal business guru, here are 21 tips for young or aspiring entrepreneur to help get you started. 1. Challenge yourself. Richard Branson says his biggest motivation is to keep challenging himself. He treats life like one long university education, where he can learn more every day. You can too! 2. Do work you care about. There’s no doubt that running a business take a lot of time. Steve Jobs noted that the only way to be satisfied in your life is to do work that you truly believe in. 3. Take the risk. We never know the outcome of our efforts unless we actually do it. Jeff Bezos said it helped to know that he wouldn’t regret failure, but he would regret not trying.4. Believe in yourself. As Henry Ford famously said, “Whether you think you can, or think you can’t...

5 Secrets to Coaching Your Employees to Greatness

To integrate coaching into your talent management strategy, the following five steps should be taken: 1. Educate your leaders Start at the top and educate your executives on the differences and benefits of coaching versus counseling. Interview them on their perspectives on coaching and assess their willingness to participate and support a coaching initiative. Explain the benefits of coaching and ask them where they see applications for coaching inside their organizations. 2. Identify coaches, participants and executive sponsors Look for individuals and managers that can become trained to be internal coaches inside your company. These individuals may be inside your talent management and organizational development areas or could exist inside the business itself. Consider having talent management or human resources executives trained and credentialed by the International Coach Federation as professional coaches. Alternatively, you may choose to utilize external coaches. If so, you ca...

Ajax signs defender John Heitinga on free transfer

John Heitinga is heading home to add some experience to Ajax's young defense.The Amsterdam club announced Thursday it has signed the veteran defender for one season with an option for a second year. Heitinga was out of contract after playing last season in the Bundesliga for Hertha Berlin. Heitinga is a product of Ajax's storied youth development program and played 215 matches for the first team before heading overseas where he has played for Atletico Madrid, Everton and Fulham. He has made 87 international appearances for the Netherlands, including the ill-tempered 2010 World Cup final in Johannesburg, in which he was sent off as the Dutch lost 1-0 to Spain.

At least 18 die of cholera in South Sudan in 3 weeks

Cholera has killed at least 18 people in Juba, capital of South Sudan, in the last three weeks and the government will step up measures to counter the spread of the disease, the health minister Riek Gai Kok said on Tuesday. Juba has seen more than 171 suspected cholera cases so far in this outbreak, the health ministry said. Last year, 167 people died in South Sudan in a cholera outbreak, the health ministry and the World Health Organisation (WHO) have said. The WHO representative in South Sudan, Tarande Manzila, said cholera treatment centres had been set up at Juba's teaching hospital and at a clinic at the UN site housing civilians. The WHO and other organisations are conducting oral cholera vaccinations in vulnerable areas of Juba and the oil hub of Bentiu in Unity state, targeting nearly 107 000 people, to prevent a large-scale outbreak, Manzila said. South Sudan's civil war pits forces loyal to President Salva Kiir against rebels allied with former vice president Ri...

Guinea quarantines villages in reinforced bid to stamp out Ebola

Guinea will put four villages under a 21-day quarantine as part of a robust strategy to stamp out a lingering Ebola epidemic after new cases of the disease were discovered there. The worst Ebola epidemic on record has killed more than 11 000 people in Sierra Leone, Liberia and Guinea over the last year and a half. Liberia became Ebola-free in May, but neighbouring Sierra Leone and Guinea are still struggling to get to zero cases despite hundreds of millions of dollars in aid. According to a health ministry document seen by Reuters on Wednesday, the quarantine will apply to Sikhourou Koloteya in the Forecariah prefecture southeast of the capital Conakry along with Tanéné and Bamba in Dubreka prefecture.The village of Tamarasy in the Boké mining region will also be subject to the new measures. "In practice, a hooping system will be organised resulting in a ban on movement by inhabitants in the affected locations," the document stated. Twenty-one days is the standard observat...